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United States Department of State / Foreign relations of the United States diplomatic papers, 1937. The British Commonwealth, Europe, Near East and Africa
(1937)

Italy,   pp. 435-506 PDF (27.1 MB)


Page 439


   If either High Contracting Party establishes or maintains any form
 of quantitative restriction or control of the importation, sale, or
 exportation of any article in which the other High Contracting Party
 has a considerable interest, including the regulation of importations,
 sales or exportations thereof by licenses or permits issued to indi-
 viduals or organizations, the High Contracting Party taking such
 action: (1) shall establish the total quantity of any such article per-
 mitted to be imported, sold, or exported during a specified period,
 (2) shall immediately communicate to the other High Contracting
 Party the provisions adopted together with complete details with
 respect to the administration thereof, and (3) in the case of imports,
 shall allot to the other High Contracting Party for such specified
 period a proportion of such total quantity equivalent to the proportion
 of the total importation of such article which the other High Contract-
 ing Party supplied during a previous representative period, and (4)
 in the case of exports, shall allot to the other High Contracting Party
 for such specified period, a proportion of such total quantity equiva-
 lent to the proportion of the total exportation of such article which
 was supplied to the other High Contracting Party during a previous
 representative period, unless it be mutually agreed to dispense with
 such import or export allotment.
 [The provisions relating to exchange are omitted pending further
 consideration of the Italian proposal on this subject. A new draft
 of these provisions is expected to be ready shortly.] 10
 In the event that either High Contracting Party establishes or
 maintains a monopoly for the importation, production or sale of a
 particular product or grants exclusive privileges, formally or in effect,
 to one or more agencies to import, produce or sell a particular product,
 the High Contracting Party establishing or maintaining such mo-
 nopoly, or granting such monopoly privileges, shall, in respect of the
 foreign purchases of such monopoly or agency, accord the commerce
 of the other High Contracting Party fair and equitable treatment.
 In making its foreign purchases of any article such monopoly or
 agency shall be influenced solely by competitive considerations such
 as price, quality, marketability, and terms of sale. Either High Con-
 tracting Party shall- supply such information with respect to the
 foreign purchases of every such monopoly or agency as the other
 Party may at any time request.
 The High Contracting Parties will consult with each other in
respect of any matter presented by either Party relating to the appli-
cation of the provisions of this article.
S Brackets appear in the original.
439
ITALY


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